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Non-Tech : RAINFOREST CAFE -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (3639)	12/19/1997 12:13:00 AM
From: Dennis Vail	Read Replies (1) \| Respond to of 4704

Hi Baird, The official release on the MGM opening came after the close: biz.yahoo.com Thanks for drawing my attention to the DJ article. It was very welcome news that Robinow's comfortable with 4Q esimates of $0.25 and that RAIN's 1998 expansion will be more aggressive that we thought. On the otherhand I don't think Robinow's comments on same store sales and the lack of a designated use for the $100,000,000 came off quite as he intended. >>>>"People should look more at how much we make and what our bottom line is, and not focus so much on same-store sales," he said. The company is planning a public offering to raise $100 million in additional capital to fund expansion. Robinow said the infusion would give the company "financial flexibility." "We don't have a designated use of that money," he said, "but smart companies raise money in a strong market." <<<< I would think over all Robinows comments will be treated very favoravbly once this week is history. Supposedly over 60% of mutual funds historically make their capital gains distributions this week. Barring bad news I'd expect a much firmer market next week and beyond. Nice to hear from you again, Baird. I trust all is well and you are celebrating the solstice in good style! Regards, Dennis